Northwestern Mutual Wealth Management Co. acquired a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) in the second quarter, Holdings Channel reports. The firm acquired 224,176 shares of the company’s stock, valued at approximately $30,353,000.
Several other hedge funds have also added to or reduced their stakes in the stock. Evergreen Advisors LLC purchased a new stake in shares of PepsiCo during the first quarter valued at approximately $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in PepsiCo in the 4th quarter worth approximately $26,000. Swiss RE Ltd. purchased a new stake in shares of PepsiCo during the fourth quarter valued at $28,000. Imprint Wealth LLC bought a new stake in PepsiCo in the 3rd quarter worth about $31,000. Finally, Atlatl Advisers LLC purchased a new position in PepsiCo in the 2nd quarter worth about $31,000. 73.07% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of analysts have recently issued reports on PEP shares. TD Cowen reaffirmed a “hold” rating on shares of PepsiCo in a report on Friday. Jefferies Financial Group decreased their price objective on shares of PepsiCo from $162.00 to $152.00 and set a “hold” rating for the company in a report on Friday, July 10th. JPMorgan Chase & Co. lowered their price objective on shares of PepsiCo from $178.00 to $170.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 1st. Barclays raised their target price on shares of PepsiCo from $138.00 to $142.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 21st. Finally, Morgan Stanley decreased their target price on shares of PepsiCo from $180.00 to $160.00 and set an “equal weight” rating for the company in a research note on Friday, July 10th. Seven investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, PepsiCo has a consensus rating of “Hold” and an average price target of $157.90.
PepsiCo Trading Up 1.0%
PepsiCo stock opened at $141.07 on Friday. PepsiCo, Inc. has a 52-week low of $133.73 and a 52-week high of $171.48. The company has a market cap of $192.55 billion, a P/E ratio of 18.49, a P/E/G ratio of 3.07 and a beta of 0.35. The company has a quick ratio of 0.74, a current ratio of 0.93 and a debt-to-equity ratio of 1.91. The business has a 50-day simple moving average of $139.86 and a two-hundred day simple moving average of $149.51.
PepsiCo (NASDAQ:PEP – Get Free Report) last issued its quarterly earnings data on Thursday, July 9th. The company reported $2.20 earnings per share for the quarter, topping the consensus estimate of $2.19 by $0.01. The firm had revenue of $24.18 billion for the quarter, compared to analysts’ expectations of $23.95 billion. PepsiCo had a net margin of 10.78% and a return on equity of 54.63%. The business’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.92 EPS. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. Analysts predict that PepsiCo, Inc. will post 8.57 EPS for the current year.
PepsiCo Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 4th will be given a $1.48 dividend. The ex-dividend date is Friday, September 4th. This represents a $5.92 annualized dividend and a yield of 4.2%. PepsiCo’s dividend payout ratio (DPR) is presently 77.59%.
More PepsiCo News
Here are the key news stories impacting PepsiCo this week:
- Positive Sentiment: Jim Cramer highlighted PepsiCo as a defensive large-cap opportunity, citing its roughly 4% dividend yield and the potential benefit of lower oil prices. Cheaper fuel could support consumer spending and reduce transportation and operating costs. Jim Cramer Shares Why PepsiCo Caught His Eye During Consumer Headwinds
- Positive Sentiment: Investors remain attracted to PepsiCo’s 54-year record of consecutive dividend increases and comparatively reasonable valuation. Improving international results could help offset continuing weakness in North America, supporting the case for income-oriented investors. Most Investors Overlook This. I’m Buying PepsiCo for Its Dividend
- Positive Sentiment: PepsiCo is pursuing growth beyond its traditional snack portfolio by introducing and emphasizing global flavors, a strategy that could broaden consumer appeal and create new avenues for international growth. PepsiCo Bets on Global Flavors to Grow Beyond Snacks
- Neutral Sentiment: Commentary describing consumer staples as a lagging sector frames PepsiCo as a value opportunity rather than a near-term growth leader. The investment appeal depends on the stock’s discounted valuation, dividend support and execution on its recovery plans. The Consumer Staples Sector Is Lagging the S&P 500
- Negative Sentiment: Texas authorities are investigating PepsiCo and Kraft Heinz over claims involving avocado oil. The outcome and scope of the investigation are unclear, but regulatory scrutiny could create legal, reputational or product-related costs. PepsiCo, Kraft Heinz Under Investigation in Texas Over Avocado Oil Claims
- Negative Sentiment: Analysts note that PepsiCo’s dividend faces pressure from slower growth, persistent North American weakness and a more difficult recovery than the commodity-driven risks facing Chevron. This raises questions about future payout growth, despite the company’s long dividend history. Chevron or PepsiCo: Whose Dividend Is Standing on Thinner Ice?
Insider Buying and Selling at PepsiCo
In other news, EVP David Flavell sold 2,900 shares of PepsiCo stock in a transaction on Monday, July 27th. The shares were sold at an average price of $139.54, for a total transaction of $404,666.00. Following the transaction, the executive vice president owned 74,825 shares in the company, valued at $10,441,080.50. This trade represents a 3.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.12% of the stock is owned by corporate insiders.
About PepsiCo
PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.
Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.
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